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M&A Deal Summary

Universal Ventures Acquires mCloud

On April 25, 2017, Universal Ventures acquired information technology company mCloud for 2M CAD

Acquisition Highlights
  • This is Universal Ventures’ 1st transaction in the Information Technology sector.
  • This is Universal Ventures’ largest (disclosed) transaction.
  • This is Universal Ventures’ 1st transaction in the United States.
  • This is Universal Ventures’ 1st transaction in California.

M&A Deal Summary
Date 2017-04-25
Target mCloud
Sector Information Technology
Buyer(s) Universal Ventures
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target

mCloud

San Francisco, California, United States
mCloud Corp. is a provider of assetcare solutions for managing critical assets with secure mobile technology, deep analytics, machine-to-machine learning and support for field service technicians. mCloud currently targets complex distributed energy assets such as high-intensity HVAC units, mid-size wind energy turbines and natural gas compressors.

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Buyer(S) 1

Buyer

Universal Ventures

Vancouver, British Columbia, Canada
Category Company
Sector Metals/Mining
DESCRIPTION

Universal Ventures, Inc. is a junior mineral exploration company, engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company is currently focusing its financial resources to acquire an exploration opportunity.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
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